Angel investor Xiaoping: Investment to see people do not support undergraduate entrepreneurship

Angel investor Xiaoping (left) receives Sina science and technology interview Zheng from the US Cambridge Sina Science and Technology news Beijing time November 21 morning message, the new Oriental co-founder, the domestic well-known angel investor Xiaoping today in the United States Massachusetts Cambridge received Sina technology interview.　　He said Angel investment can not be afraid of failure, need and entrepreneurs "dream together" mentality, the investment of 100 companies to become a success, and entrepreneurs need to use the determination to impress investors, decision-making in the process of investment is more important than creativity. Investment key to see people Xiaoping is participating in the United States MIT China Innovation and Entrepreneurship Forum Gap received an interview. Speaking of this trip to participate in the Innovation and Entrepreneurship Forum, Xiaoping jokingly "his best good at blowing fire, light up the flames of entrepreneurship."　　"Xiaoping Angel investment in the United States and China have projects, but he also spent, the world's largest investment opportunities in China, they are more inclined to invest at home." When it comes to his investment conditions, Xiaoping said, "I will consider it if there is a good determination and a good idea."　　But he also pointed out that his decision to invest is mainly to look at investors to see if the other party has the determination to start a business, and creativity and people are secondary, because the idea of change, and entrepreneurs are the key to success.　　Xiaoping for two examples: an entrepreneur resigned from Goldman Sachs, although venture capital (VC) vehemently opposed, but his determination to the entrepreneur will certainly invest, "even if he (entrepreneur) the project failed, but will always succeed." Xiaoping further elaborated that their investment will not be limited to specific areas, as long as there are good entrepreneurs, even if not understand the field will invest.　　He recently invested in an anticancer drug project, explaining that "although I do not understand this, I think it is possible to believe in the fact that four ph. D. The shared dream mentality recalls the angel investment experience of these years, Xiaoping frankly has the success to have the failure more. But he insists that several angel investments cannot: can not be afraid of failure, investment 100 projects even if one has become, that is success; not too much, investors need to have the mentality of dreaming with entrepreneurs, money cast out even if, can not always think about it, can not be reluctant to 100,000 U.S. dollars to 100,000 yuan first,　　No more than 50,000 yuan, he laughs, "I do not want the shares, (if the entrepreneur) to make a come back to me to continue." Xiaoping also admits that the sole purpose of investment is to earn money, but the philosophy of the real fund is to give a return, they want to earn dozens of times times even more money, so that they can more generous investment in entrepreneurs. Speaking of the feeling of angel investment, Xiaoping quoted Li Ka-shing, Hong Kong's richest man, as saying "wealth is a report card, but the process", the most happy thing is to watch the project from zero to grow and develop. He said that recently a Stanford University PhD in solar projects, although the project itself is good, but there are Sequoia Capital and other venture investment, it is only a financial investors, lostA zero-starting interest. Each angel investor has its own style, some investment will pay attention to, and Xiaoping said: "He is more like the Silicon Valley VCs Jong Kangwei (Ron Conway), the universal cast nets, after the vote on the matter." He explained that "the investment is always concerned about that is the entrepreneurial heart, I am a thinker's heart, unless the entrepreneur to find me, otherwise I cast a completely let go." Mr Yu (Weibo) is a typical entrepreneur who wants to take a look at it. "When it comes to his most proud investment, Xiaoping hardly hesitates to say the name of the Orchid Pavilion Bazaar and the Poly-American product." He said proudly: "I have invested 100,000 dollars in the Orchid Pavilion market, and now the valuation is 30 million-50 million dollars, and Chen Au (poly) for 180,000 dollars, just two years after a round of financing, the valuation has reached 10 million dollars." "Undergraduate entrepreneurship not in the process of conversation, Xiaoping for domestic undergraduate entrepreneurship does not support.　　He believes that on the one hand, there are problems in the domestic education system, the students ' direct entrepreneurial experience and ability is insufficient; Xiaoping Memories of a college student entrepreneurial past. He told himself that he had met a college student in Jiangsu Province 10 years ago to start a hospital management system product, the project income has reached hundreds of thousands of, and even hired a lot of employees. He was very optimistic about the student entrepreneur, but to Xiaoping's surprise, the student's parents wanted their children to study abroad, and in order to retain the promising entrepreneur, Xiaoping even tried to convince the student's father personally, but not successfully.　　As a result, the student is still under the pressure of family to give up the entrepreneurial program to study abroad. Here, Sina technology to ask "then you still have contact?" Xiaoping paused and said, "No, if he ventures again, he will definitely contact me." "When it comes to the past, Xiaoping even said in a furious tone," the Chinese only child grew up under the bondage of their parents, without spiritual freedom and no will, so how is it possible to start a business? Even if the failure to start a business, wasting two years to go to school, then what is it? How can you start a business without such determination? "Xiaoping also admits that the three greatest technology companies in the United States (Apple, Microsoft (Weibo) and Facebook are all undergraduate businesses, but he stressed that the domestic and foreign situation, entrepreneurial environment is also different, the best domestic undergraduate or to enter the society or to go back to school to start a business, this will be more feasible.